Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock Rating Lowered by StockNews.com

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other research analysts have also recently commented on HOMB. Stephens restated an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Royal Bank of Canada lifted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Finally, Piper Sandler lifted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.1 %

Shares of NYSE HOMB opened at $26.69 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99. The stock has a market capitalization of $5.35 billion, a P/E ratio of 13.76 and a beta of 1.05. The stock’s fifty day moving average is $26.89 and its 200 day moving average is $25.31.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amarillo National Bank grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% during the first quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock worth $2,498,000 after purchasing an additional 50,000 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $543,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $4,738,000. Harbor Capital Advisors Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 24,052 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 72.9% during the first quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock worth $2,440,000 after purchasing an additional 41,872 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

About Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.